Retrace and then consolidates what is best to do
Posted on Tuesday, April 27th, 2010 at 11:04 pm.
Forex is a market where you are able to see big moves and you probably say them today. One thing to consider by trading Forex is that when you are trading and when you best feel the market fits the setups that you are looking for. You need to make sure of a few things understanding volitality, Behavior patterns, and time they move the least and most. It’s always best to trade the obvious this is a principle that Jesse Livermore talked about when we was trading stocks back in the 1920′s and was able to make over 200 million dollars in his trading career. It’s best to understand that you really don’t have to trade every day trade when you feel the best about the market and when the market moves and make sense too trade. So look for the EURUSD and the USDCHF to break out side of their consolidation you can cheat by using magic stick.
Fundamentals come into play this AM
Posted on Thursday, April 22nd, 2010 at 3:11 pm.
Alot of the Fundamentals have come into play and has focus the EURUSD drop and continuing the downward trend. And then looking at the USDCHF doing the exact same but going on the uptrend. Forex market having some big moves today and alot of the fundamentals are coming into play. Trading with the Major trend and your the trend is your friend is what they always say. Trading with correct money management as well so for those that are using magic stick and trading with this tool will help you manage your trade which alot of us will experiment emotions in the market.
Market are consolidating
Posted on Tuesday, April 13th, 2010 at 6:04 am.
Lost of markets are in a consolidation phase and so we are looking for some commitment out of the EURUSD USDCHF pairs. we may see this happen during new york session. Breakout trades are really good if you wait for the close of the candle it’s a highly successful trading method. Using this method alone you can double or even triple your live account. Trading with confidence is also very important. So look for that confirming candle and see some good returns.
market is doing what we want it too do
Posted on Thursday, April 1st, 2010 at 10:14 am.
Interesting week in trading. Looking at the EURUSD and the USDCHF did exactly what joey predicted how is this possible. Same with the trade call the Dane mentioned with the EURGBP making some good profits. And looking at all the Yen pair fullfilling the prophecy in what Dave projected and continuation. Some of our next week projections are already set looking for some possible retracement on some currency pair. We find that Forex addicts is traders really get a good idea what the market is doing exactly.
break away then a pull back
Posted on Monday, March 22nd, 2010 at 3:55 pm.
We saw some great moves on the EURUSD, GBPUSD, EURJPY, and GBPJPY now looking for them too retrace after the big move down. Amazing to see threse trades followed alot of the rules we mention in forex addicts and we would like to educate traders around the world and getting a better results in their trades by learning the way fo the forex pros. We have alot of those individuals that really are excited to learn with us and have seen live trading results in a week. The reason is they are learning the forex the right way. Expect some really nice moves in the markets later this week happy trading.
Nice moves on the eurusd, gbpusd, usdchf, and jpy pairs
Posted on Wednesday, February 24th, 2010 at 9:57 pm.
As prophesied on chart therapy, there have been some nice moves in the past 10 hours resulting in 100′s of pips. I can’t stress this enough, if you don’t have the education that you need to take advantage of these pips it is simply because you are not enrolled in the addiction anonymous club. We meet three times per day and two full time traders go over all the pairs and do chart analysis with you. Chart Therapy was set up in order to educate others and help you become a profitable trader. Get involved and start making money in the forex market!
Forex Flags
Posted on Wednesday, February 24th, 2010 at 5:46 pm.
Dr. Blythe here,
There have been some really nice flag formations forming on the EURUSD and the USDCHF pairs. Look for breakouts on those pairs. Now remember that these currencies have been in the over bought and over sold situations for some time now so that could have an effect. Learning these trend line formations can be an important step so watch for the different formations that we talk about such as, wedges, ascending and descending triangles, channels and flags (also know as pendants or arrows). These pairs are due for the retracements so watch for that move back the daily gaps. Happy Trading.
Breakout Trades/Daily Gap Moves
Posted on Tuesday, February 16th, 2010 at 12:29 pm.
As Joey said, We finally had some movement! Monday was a Holiday for the USD, and so there was minimal volatility in the Forex Markets. Looking across several pairs there were a lot of consolidation areas, and points of interest to use for breakout entries. Many pairs have been overbought or oversold and away from the daily gap for some time now. Finally this morning several of these pairs including the EURUSD, GBPUSD, EURJPY, GBPJPY, and USDCHF broke out of their consolidation areas, crossed the hourly gap and have begun their moves back toward the daily gap or the 38.2 fibonacci retracement level. I am looking for these currency pairs to consolidate a little over the next several hours and maybe even make some re-tests of previous support and resistance before continuing the movement later on tonight! Happy Currency Trading!
Break out Trade with the FOREX
Posted on Wednesday, February 10th, 2010 at 7:06 pm.
We should expect some break outs to happen tonight with the AUDUSD NZDUSD and at the Asian Session anything trading against the Yen we should get ready for a break out. If you are trading the london session look at the GBPUSD and the EURUSD we should see some action tonight and thrusday. Exciting part with trading with us you will see amazing pips tonight.
Reversal pattern EURUSD GBPUSD
Posted on Monday, February 8th, 2010 at 11:16 am.
A lot of the Markets are over bought and over sold look for the reversal and trade with a small amount you be able to benefit of these markets. In the Forex i’m looking at the EURUSD GBPUSD to trade to the 1hr gap for my first target if it bridge the 1hr gap then i’m going to the daily gap. Looking at the candle stick pattern it’s hitting a major support resistance level and reversing. If you decide to stay in the market longer than a few days i would recommend you use proper money management and trade with a small amount. EURUSD here are my parameter of the trade. Entry point 1.3683 stop loss at 1.3618 take profit at 1.3798 so it’s a 2:1 ratio set your trade and make some money.
